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Dec 2, 2012
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but we lost technology, we lost law and order. technology is a huge benefit of a huge risk. there are so many people who want to say kids cannot learn. some kids just cannot learn. so i would say do we really believe kids cannot learn? are there not opportunities for kids got to mark isn't our security -- for kids? when are we going to connect the dots? when are we going to break this system down and this mentality? i am excited because governor bush brings us together once a year to reflect on this and we get to hear people like you help us understand. please, help me understand. how to be connect the dots? -- how do we connect the dots? >> you are a man who did precisely that. you would not have the recovery school district, the results he had. you talk about ideas and people. asked about ideas. let me tell you, as important as ideas are, there are billions of ideas out there. in the hands of weak leaders and people who cannot execute, bad ideas and up on the cutting room floor. i have been waiting all day to say this -- people of talk about my friend tony bennett. i think
but we lost technology, we lost law and order. technology is a huge benefit of a huge risk. there are so many people who want to say kids cannot learn. some kids just cannot learn. so i would say do we really believe kids cannot learn? are there not opportunities for kids got to mark isn't our security -- for kids? when are we going to connect the dots? when are we going to break this system down and this mentality? i am excited because governor bush brings us together once a year to reflect on...
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Dec 1, 2012
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right now, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. that means that 98% of americans and 97% of small businesses wouldn't see their income taxes go up at all. and even the wealthiest americans would get a tax cut on the first $250,000 of their incomes. congress can do that right now. they can give families like yours a sense of security going into the new year. they can give companies like this one some certainty about what to expect down the road. and with the issue behind us, we'll have more time to work out a plan to bring down our deficits in a balanced way -- including by asking the wealthiest americans to pay a little more, so we can still invest in the things that make our nation strong, like education and research. so let's begin by doing what we all agree on. both parties say we should keep middle-class taxes low. the senate has already passed a bill to keep income taxes from going up on middle-class families. democrats in the house are ready to do the same thing. and if we can just get a few house republica
right now, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. that means that 98% of americans and 97% of small businesses wouldn't see their income taxes go up at all. and even the wealthiest americans would get a tax cut on the first $250,000 of their incomes. congress can do that right now. they can give families like yours a sense of security going into the new year. they can give companies like this one some certainty about what to...
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Nov 28, 2012
11/12
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right now, as we speak, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody's. that means that 98% of americans and 97% of small businesses wouldn't see their income taxes go up by a single dime. 98% of americans, 97% of small businesses wouldn't see their taxes go up by a single dime. even the wealthiest americans would still get a tax cut on the first $250,000 of their income. so it's not like folks who make more than $250,000 aren't getting a tax break too. they're getting a tax break on the first $250,000 like everybody else. families and small businesses would therefore be able to enjoy some peace of mindheading into christmas and heading into the new year. and it would give us more time than next year to work together -- more time, then, next year, to work together ton ona plan to bring down deficit, streamline the tax system, and to do it in a balanced way, including asking the wealthiest americans to pay late more so we can still invest in things like education and training and science and research. now i know some of thi
right now, as we speak, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody's. that means that 98% of americans and 97% of small businesses wouldn't see their income taxes go up by a single dime. 98% of americans, 97% of small businesses wouldn't see their taxes go up by a single dime. even the wealthiest americans would still get a tax cut on the first $250,000 of their income. so it's not like folks who make more than $250,000 aren't...
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Dec 1, 2012
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i was asked to talk about law. i talked about law, courts, judges. the political scientists could not have been less interested. i was disappointed. the next day talking with the conference organizers, i made another attempt. i never mentioned law. i talked about institutions and sanctions and use all the jargon of political science. they all said, that is really fundamental. [laughter] i discovered a little bit about how to be persuasive in the world.al million -- as cheng li's recognizes in his book, how to deal with the legal system may be the new government in china's biggest problem and the one they are least equipped to handle. we are all taking different slices looking at this reality. bill has given us some good perspectives. i like what he said about the impact of history. today, i want to look at three aspects briefly. the first, i will give the most time to. i think it has the least analysis in the public domain. it is the relationship of the party to the legal system. how should the party be structured to deal with the legal system? how s
i was asked to talk about law. i talked about law, courts, judges. the political scientists could not have been less interested. i was disappointed. the next day talking with the conference organizers, i made another attempt. i never mentioned law. i talked about institutions and sanctions and use all the jargon of political science. they all said, that is really fundamental. [laughter] i discovered a little bit about how to be persuasive in the world.al million -- as cheng li's recognizes in...
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Dec 5, 2012
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a problem with lunatic being used in the federal law. and apparently i was the only one here on the floor that didn't have a problem with using the floor lunatic. in fact, it occurred to me that not only should we not use the term lunatic -- and i've eliminated the word lunatic at a time when we are facing national bankruptcy if we don't get serious about our issues, we should also use the term to identify those who want to continue doing business as usual around this town. it's time we got serious. one of the things that would help the administration get serious, because it is a big deal and not because c.b.o. has no clue what it's going to cost as illustrated by $1.1 trillion, $1.6 trillion, and maybe $1.8 trillion. they don't have a clue. they are not allowed to use historic reality, real rules to score. they use fictitious static rule that is just so inaccurate. it would be a joke if it weren't so sad as to what it's done to good legislation. because of the emphasis on tax and all the people that are going to be hit with a tax becaus
a problem with lunatic being used in the federal law. and apparently i was the only one here on the floor that didn't have a problem with using the floor lunatic. in fact, it occurred to me that not only should we not use the term lunatic -- and i've eliminated the word lunatic at a time when we are facing national bankruptcy if we don't get serious about our issues, we should also use the term to identify those who want to continue doing business as usual around this town. it's time we got...
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Nov 30, 2012
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and law enforcement. i respect those in the region who believe strongly that that would end the problem. i am not convinced of that, just speaking personally. i think, when you have a ruthless and vicious people who have made money one way and are somehow blocked, they will figure out another way. they will do kidnapping. they will do extortion. there will suborn officials and takeover swaths of territory that they will govern and terrorize people in. so i don't think that is the answer. whether there is some movement that can be discussed, i think it will have to be a topic for the future for us. >> thank you very much. [applause] >> madam secretary, you've asked us to think outside the box. so i will take this out of the box. [laughter] we tried with the exhortation of jake and his team to do something that was a bit of a non-conference even conferences typically and with the words, i would like to present an award that is a little different than others. in one respect, there's no hyperbole in this awar
and law enforcement. i respect those in the region who believe strongly that that would end the problem. i am not convinced of that, just speaking personally. i think, when you have a ruthless and vicious people who have made money one way and are somehow blocked, they will figure out another way. they will do kidnapping. they will do extortion. there will suborn officials and takeover swaths of territory that they will govern and terrorize people in. so i don't think that is the answer....
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Nov 29, 2012
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the rest of the law. only that one tine sliver. these other ones, whether it can be offered in the state or central exchanges that's a life issue. not many people think that's going to go very far. i should mention there's another lawsuit that i think in california that says congress acted immediately that began in the senate. that's something the senate often does. they take a tax spill that comes over from the house, they replace it with their bill in this case, -- i would be really, really surprised to see that go anywhere. there are lots of other issues. i think the fact that the supreme court had spoken about this already fairly convincingly makes it less likely that a lower court would up and say, we want to call this to a halt. so some of these smaller issues you might still see some legal match nations. i don't think we'll see another huge supreme court calling into question whether or not this law goes forward. host: what provisions of the a.c.a. are due to take effect? guest: there's some tax pr
the rest of the law. only that one tine sliver. these other ones, whether it can be offered in the state or central exchanges that's a life issue. not many people think that's going to go very far. i should mention there's another lawsuit that i think in california that says congress acted immediately that began in the senate. that's something the senate often does. they take a tax spill that comes over from the house, they replace it with their bill in this case, -- i would be really, really...
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Dec 4, 2012
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the law charged it with a strategic plan annually. we are drafting as always with autism committee influence an update to reflect the latest aspects in what is a research -- in autism research. over the past decade, research funding has grown substantially. investing $169 million in just the year 2011, three times more than 10 years ago. in 2009 and 2010, 120 two million dollars in an additional american recovery and investment act funds were also presented. as congress has emphasized, early diagnosis and and prevention is critical. these earliest changes ever recorded was six months and a number recent findings suggest that the factors causing it may operate very early in development. last year, researchers demonstrated that doctors often have a short questionnaire to screen inexpensive way in a child visit. another promising diagnostic tool is i gazed patterns specific to what is of -- is eye gaze patterns specific to autism. recent trials have validated early interventions and quality of life. recent behavioral interventions showed
the law charged it with a strategic plan annually. we are drafting as always with autism committee influence an update to reflect the latest aspects in what is a research -- in autism research. over the past decade, research funding has grown substantially. investing $169 million in just the year 2011, three times more than 10 years ago. in 2009 and 2010, 120 two million dollars in an additional american recovery and investment act funds were also presented. as congress has emphasized, early...
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Dec 3, 2012
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flexibility and agility on law enforcement. the ability to protect and defend the american republic. some of these measures remove the flexibility and increased the bureaucratic aspects. frankly, make our jobs more difficult. >> defining electronic privacy. if tonight at 8:00 eastern on " but communicators" on c-span to. -- "the communicators" on cspan2. >> we are at the new york state museum. this is our gallery dedicated to the september 11 attacks. we decided with the gallery to tell the story from the first moments of the attacks using objects and photographs from the world trade center site. this is a piece of steel from the south tower. we put it in a place where the public can come and touch it. it gives the visitor a real tangible experience. this is a piece of steel from the north at towers, 71 through 74. this is a dramatically bent a piece of steel. this is more than 10 stories from the impact of flight 11. again, you can see the openings for the windows would have been. the metal stripping would have held the alumin
flexibility and agility on law enforcement. the ability to protect and defend the american republic. some of these measures remove the flexibility and increased the bureaucratic aspects. frankly, make our jobs more difficult. >> defining electronic privacy. if tonight at 8:00 eastern on " but communicators" on c-span to. -- "the communicators" on cspan2. >> we are at the new york state museum. this is our gallery dedicated to the september 11 attacks. we decided...
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Dec 6, 2012
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guest: the current law is not correct. the provision they get to deduct their property over 15 years instead of 39 years. they say the added nine years is unrealistic. host: how long have you been writing about taxes? guest: maybe five years. host: how much do you think you know about the u.s. tax code? guest: not so much. i talk to people with law degrees and they probably know a lot about one part of the tax code. there are a few people i know with encyclopedic knowledge about the whole thing. those are very few and far between. i know more than many. host: if somebody said to write a book about the u.s. tax code. guest: i'm here to bridge the gap between the tax people and the general public. host: you say you know only not so much about it, why is it? guest: the tax code is thousands of pages long. i think i know enough to say it is long for a reason. the world is very complex and therefore the tax code has to be complex. host: you are a graduate of northwestern university and the university of chicago. all the discuss
guest: the current law is not correct. the provision they get to deduct their property over 15 years instead of 39 years. they say the added nine years is unrealistic. host: how long have you been writing about taxes? guest: maybe five years. host: how much do you think you know about the u.s. tax code? guest: not so much. i talk to people with law degrees and they probably know a lot about one part of the tax code. there are a few people i know with encyclopedic knowledge about the whole...
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Dec 4, 2012
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also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice involved. republicans -- democrats -- independents -- send us a tweet, post your comments on facebook, or send us an e-mail. we begin with some of the papers across the country today and how this latest proposal from house republicans is playing out in the papers. courtesy of "the atlantic journal-constitution" -- here is "the denver post" -- finally, here is "of the arizona republic" -- here is "the washington post" on what is inside this deal -- we want to get your take on this. what do you think? ted in new york, a democratic caller. what do you think? caller: good morning. i do not think it goes far enough.
also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice...
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Nov 29, 2012
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there's rampant violation of the law. there is lackluster enforcement, families are torn apart, and what's before us regardless of the merits which we'll get into in a moment, clearly does not address the problems in our immigration system. whether this bill becomes law or not, our immigration system will continue to have problems or will continue to be over 10 million people here in violation of the law, many working illegally. in some cases taking jobs away from american citizens. so instead of a solution, we have a bill before us that asks taos weigh two goals of our immigration policy, in many ways against one another. now, there might very well be room for a noncontroversial immigration bill that catches up and includes some of the less controversial provisions including a stem program and there could very well be room for that sort of comprehensive imdepration reform and i support and am a co-spon so far -- co-sponsor of the idea act which does that. i tried to amend into this bill, allow for the consideration of th
there's rampant violation of the law. there is lackluster enforcement, families are torn apart, and what's before us regardless of the merits which we'll get into in a moment, clearly does not address the problems in our immigration system. whether this bill becomes law or not, our immigration system will continue to have problems or will continue to be over 10 million people here in violation of the law, many working illegally. in some cases taking jobs away from american citizens. so instead...
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Nov 29, 2012
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rather than prevent them from getting right with the law. which is what we do currently. so again, while stem immigration is very important, my colleagues are being asked in a closed proto sess to weigh that with the issue of immigrants from the ukraine and albania, at the same time the bill could increase, will increase, the number of illegal immigrants in this country, perhaps increasing the number of illegal immigrants will redouble the efforts of this congress to address this issue but given the enormous dwention of the problem already and the complete lack of consideration of any meaningful immigration bill by this congress to solve our broken immigration system, inle not holding my breath. the zero sum bill on the floor asks us to weight one class of immigrants at the expense of another. in effect, trying to play politics and avoid solving our imdepration crisis. -- and avoid solving our immigration crisis. i think it's time for a transparent and open debate. it's time for compromise. it's time to work in a bipartisan fashion to actual
rather than prevent them from getting right with the law. which is what we do currently. so again, while stem immigration is very important, my colleagues are being asked in a closed proto sess to weigh that with the issue of immigrants from the ukraine and albania, at the same time the bill could increase, will increase, the number of illegal immigrants in this country, perhaps increasing the number of illegal immigrants will redouble the efforts of this congress to address this issue but...
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Dec 4, 2012
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it was given to the law enforcement authorities, but that d.n.a. evidence from that sexual assault that night in 1985 was not tested for 20 years. it sat on the shelf in a crime lab somewhere in dallas, texas, because the dallas police department had a new incentive to go and look at those old cases, this case was looked at. that evidence was tested and the dallas police department decided that kevin glenn turner committed this crime back in 1985. but that was 20 years ago. the statute of limitations had run and justice could not occur and lavenia's case, because the system waited too long to find the outlaw. kevin turner turned out to be a criminal in other cases and ended up in the penitentiary for those crimes, but justice was denied for lavenia. denied because of bureaucratic red tape. you see, mr. speaker, many rape kits sit on the shelves of evidence rooms across the country untested. some of them sit there so long that they're discarded by law enforcement. and the statute of limitations runs like it ran in lavenia's case. she is not alone, m
it was given to the law enforcement authorities, but that d.n.a. evidence from that sexual assault that night in 1985 was not tested for 20 years. it sat on the shelf in a crime lab somewhere in dallas, texas, because the dallas police department had a new incentive to go and look at those old cases, this case was looked at. that evidence was tested and the dallas police department decided that kevin glenn turner committed this crime back in 1985. but that was 20 years ago. the statute of...
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Nov 29, 2012
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to his right is michael gratze, with columbia law school now, for many years with yale law school. he is the author of many articles he comes from the academic world into washington policymaking periodically and he was at the creation at the 1990 -- assistant secretary for tax policy and had a keel role to play in tax policy in that pord. finally, phil joyce, a fellow colleague in the academic world, now with university of maryland, a seenor scholar in budgeting, formerly with george washington maxwell school and former c.b.o. staffer but most notably, recently, he did the first awe or the tative book on the congressional budget office. hard to believe an institution like that was around for that long, lived a miraculous life in a contentious public world, and never had a book. he's also the editor of a major journal. that's our line whereupon for today and i thought i'd let everybody take a kind of broad take on the kind of questions, what can we learn from the 190 -- 1990 budget agreement that we all acknowledge was a policy success even though maybe we didn't realize it at the t
to his right is michael gratze, with columbia law school now, for many years with yale law school. he is the author of many articles he comes from the academic world into washington policymaking periodically and he was at the creation at the 1990 -- assistant secretary for tax policy and had a keel role to play in tax policy in that pord. finally, phil joyce, a fellow colleague in the academic world, now with university of maryland, a seenor scholar in budgeting, formerly with george washington...
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Dec 1, 2012
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the eitc, there was a law that allowed you to climate for more than three children. that could go away by the end of the year. host: the earned income tax credit specifically. mary from kentucky on the republican line. caller: good morning. we are small business owners. with many of these taxes going up and there are proposals in kentucky to raise some of our state taxes because we have deficits and pension obligations. not only will we be hit with all of these federal issues but we will be hit with the state issues as well. and i think that we are getting close to breaking point with these additional obligations. i do not think that president obama and the people who are advising him really have their finger on the polls of what it will mean for small business owners. that's what concerns me. people like us have been able to cope and still have been able to save and to send our children to college. that is close to going away and this is one of my great concerns. guest: one of the untold parts of the story and sometimes we overlook what is happening in the states. l
the eitc, there was a law that allowed you to climate for more than three children. that could go away by the end of the year. host: the earned income tax credit specifically. mary from kentucky on the republican line. caller: good morning. we are small business owners. with many of these taxes going up and there are proposals in kentucky to raise some of our state taxes because we have deficits and pension obligations. not only will we be hit with all of these federal issues but we will be hit...
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Dec 6, 2012
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protection that goes beyond tolerance and of course the rule of law, the respect for a judiciary that is independent. today's debate is simple. we aren't asking whether they can be good muslims and good democrats, the answer to that is yes. but can islammists be democrat. can advocates of the ideology of fundamentalism lead their countries to democracy? the answer is an obvious no. our answer is grounded inexperience and fact. their answer is grounded in hope and assertion. we have experiences, iran, gaza, sudan, lebanon, turkey, in none of these countries have the attributes of democracy occurred when islammists were in power. rights are recognized only in some of them to varying degree and no free elections have occurred and some people aren't recognized as the sources of authority. are islamists terrorists? absolutely not. but will islamism ever vurned power if it loses elections? we don't know. if we aren't confident about that fundamental fact, how can we be confident that their election is essential for democracy. it hasn't happened. we have no idea whether the first set of elec
protection that goes beyond tolerance and of course the rule of law, the respect for a judiciary that is independent. today's debate is simple. we aren't asking whether they can be good muslims and good democrats, the answer to that is yes. but can islammists be democrat. can advocates of the ideology of fundamentalism lead their countries to democracy? the answer is an obvious no. our answer is grounded inexperience and fact. their answer is grounded in hope and assertion. we have experiences,...
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Dec 5, 2012
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the law requires us to pay retail. whereas in the va and medicaid we do both price discounts in purchasing. if we did that in medicare, that would save us $160 billion a year. what i would like to see is us save money on health care. we need to do that, but it must be through system reform. host: 10 to save enough money through system reform without looking at benefits? guest: you've got to start there, because you really don't want to say some day we will have a system that it is broken. if we went through things that are legitimate ways to save money and reform the system, then we get into the benefits and we would either have to adjust the pavements or make decisions on how to deal with the benefits. but you have to start where you can actually save money. so there really is some common ground here. health care is too expensive. it's not just medicare. and thousand people they are going into the medicare system, so that's a challenge. that really says let's reform the system. host: where is the common ground? guest:
the law requires us to pay retail. whereas in the va and medicaid we do both price discounts in purchasing. if we did that in medicare, that would save us $160 billion a year. what i would like to see is us save money on health care. we need to do that, but it must be through system reform. host: 10 to save enough money through system reform without looking at benefits? guest: you've got to start there, because you really don't want to say some day we will have a system that it is broken. if we...
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Nov 29, 2012
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that is present law. we put together a package which takes care of the lowest 20% of society. giving the older from 80 to 85, giving them an extra 1%. keep going if you want. change the cost of living allowance. do some things to make the rich pay more or less pay less -- and the last pay less. -- and the less pay less. the system is $900 billion in negative cash flow in the next years. how unfair is that from these groups? there it is. >> let me close. people want to ask questions. i want you to have a chance to respond to a critic. natalie, the nobel laureate, has been describing your work. she says, despite years of dire warnings from people like alan simpson, we are not facing any kind of fiscal crisis. u.s. borrowing costs are at historical lows with investors willing to pay the government. reducing the budget deficit is not the top priority for america at the moment. creating jobs is. your response? >> you are more calm than i am. you can respond to that. know who the hell i am. he savaged me from the beginning. i notice when he goes on the talk shows, nobody listens to
that is present law. we put together a package which takes care of the lowest 20% of society. giving the older from 80 to 85, giving them an extra 1%. keep going if you want. change the cost of living allowance. do some things to make the rich pay more or less pay less -- and the last pay less. -- and the less pay less. the system is $900 billion in negative cash flow in the next years. how unfair is that from these groups? there it is. >> let me close. people want to ask questions. i...
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Nov 30, 2012
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the law requires him to do it but he's always done it. that distinguishes him from the united states senate which the law requires them to do it and they haven't do it. every year the president goes through the difficult work of producing his budget, sharing with the american people his vision for what the federal budget should look like. i happen to have a graphical representation of that vision. this is the one he gave us last. it was february of 2012. there was an election coming up. he wanted to do his very best. this was actually the most serious of all the budgets he's submitted. and what i show here, mr. speaker, with this white dotted line is the deficit -- i'm sorry -- the debt that america would have to pay if we changed not one law on the books. if we changed not one law on the books, the debt of america would rise along this white dotted line. this red line that runs right above the white dotted line is the debt that we would accumulate if we passed the president's budget. i'm not misspeaking, mr. speaker. i'm talking about th
the law requires him to do it but he's always done it. that distinguishes him from the united states senate which the law requires them to do it and they haven't do it. every year the president goes through the difficult work of producing his budget, sharing with the american people his vision for what the federal budget should look like. i happen to have a graphical representation of that vision. this is the one he gave us last. it was february of 2012. there was an election coming up. he...
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Nov 28, 2012
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equality before the law and civil rights. that is a psychic -- a society in which i want to live and my children to be able to live in of. there is no guarantee we will live happily ever after. the era of globalization -- we need to cooperate more than ever to defend our democracy. and our society. we cannot take what has been achieved for granted. we need to continue fighting for it on a daily basis. other parts of the world are developing. i mentioned at the beginning of my speech that in the g-20 and with its creation, it took the necessary consequence to involved in emerging regions of the world and the political system to rule the world but those parts of the world we consider today that the emerging countries are not sharing our values. the lowest salary, the lowest respect for individual rights, the los respect for freedom of speech, for example by closing the internet. it the lowest standard of what the are considering you in the united states in europe as our basic values and our standards representing our basic valu
equality before the law and civil rights. that is a psychic -- a society in which i want to live and my children to be able to live in of. there is no guarantee we will live happily ever after. the era of globalization -- we need to cooperate more than ever to defend our democracy. and our society. we cannot take what has been achieved for granted. we need to continue fighting for it on a daily basis. other parts of the world are developing. i mentioned at the beginning of my speech that in the...
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Dec 6, 2012
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does it mean it is better than current law? maybe not. but there is agreement that current law, including the fiscal cliff, is not the best way. >> we have our baseline. deficit to gdp? >> did i say that? >> just to be clear -- if you look to the 10-year period on the current base line and get under 1% deficit to gdp in 10 years -- >> because you get seven years of debt reduction under current law. >> if anyone wants to read more, please read the piece on what it takes. i thank you all for being here today. one reason we have to and is these poor people will be so instrumental in getting us out of this mess that we have to get them back to work. >> we only wish that. >> senators, thank you, congressman, thank you. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> we will continue to examine the fiscal cliff with armstrong williams. then the tax writer for cq roll call will take your questions about what is known as tax expenditures. washington journal
does it mean it is better than current law? maybe not. but there is agreement that current law, including the fiscal cliff, is not the best way. >> we have our baseline. deficit to gdp? >> did i say that? >> just to be clear -- if you look to the 10-year period on the current base line and get under 1% deficit to gdp in 10 years -- >> because you get seven years of debt reduction under current law. >> if anyone wants to read more, please read the piece on what it...
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Dec 5, 2012
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joining to us discuss is georgetown law's john buckley. thank you for being here. john buckley, let's begin. what is the alternative minimum tax? guest: in very simple terms, the alternative minimum tax requires you to pay the greater of what you pay under the regular income tax or what you would compute under the minimum tax which has a slightly broader base. it disallows some deductions that would be allowed in the regular tax. in some respects it's very similar to cap on itemized deductions that's currently being discussed. rather than directly attack preferences in expenditures it essentially puts an overall cap on benefit. there's no new ideas in this debate. the cap bears a very strong relationship to how the alternative minimum tax works. host: here is the form 6251 from the i.r.s. for the 2011 tax preparations. and here's part one. the alternative minimum taxable income. 28 of these to help you come up with whether or not you fall into the a.m.t. how does this work? how do you know? >> you know -- guest: you know, i believe that you can only do this with co
joining to us discuss is georgetown law's john buckley. thank you for being here. john buckley, let's begin. what is the alternative minimum tax? guest: in very simple terms, the alternative minimum tax requires you to pay the greater of what you pay under the regular income tax or what you would compute under the minimum tax which has a slightly broader base. it disallows some deductions that would be allowed in the regular tax. in some respects it's very similar to cap on itemized deductions...
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Dec 4, 2012
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if opec were doing what it does abroad in this country, it would violation ofd a antitrust laws. goothe prescription was very imt falls -- impactful and was based on our report of 2007, which said the united states should maximize oil and gas production , that it should reduce consumption and improve conservation, which led to the direct report for the reinstitution of fuel efficiency standards, which had not been done for 20 years, and to develop to the extent it was economically viable of biofuel substitute for petroleum. this new report continues these themes with a couple of important caveat, the most important of which is the technical revolution that has taken place since our original report and are intermediate report until this so-called fracking revolution for oil and gas and at the same time a significant improvement now in the efficiency that has been brought about by technology and fuel efficiency standards enacted by the bush administration first and then were increased by the obama administration. it is important to recognize the report is not political in any way,
if opec were doing what it does abroad in this country, it would violation ofd a antitrust laws. goothe prescription was very imt falls -- impactful and was based on our report of 2007, which said the united states should maximize oil and gas production , that it should reduce consumption and improve conservation, which led to the direct report for the reinstitution of fuel efficiency standards, which had not been done for 20 years, and to develop to the extent it was economically viable of...